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- LoopNet Team
7501 Rogers Ave
Fort Smith, AR 72903
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Drive Thru
ABOUT 7501 ROGERS AVE , FORT SMITH, AR 72903
Natural State Retail Group is pleased to offer the opportunity to acquire the fee simple interest in a corporately guaranteed, absolute NNN, drive-thru equipped, Raising Cane’s investment property located in Fort Smith, AR. This development was a reverse build to suit whereby during the primary term, annual base rent shall be the sum of the ground rent, improvement rent and the carrying cost rent. During any extension, annual base rent shall be the sum of the ground rent and the improvement rent only. The tenant, Raising Cane’s Restaurants, LLC, signed a 15-year primary lease with 5 (5-year) options to extend. The lease features rental increases every 5 years throughout the initial term and option periods. The lease is corporately guaranteed and is absolute NNN with zero landlord responsibilities making it a premier, hassle-free investment opportunity for any investor.
PROPERTY TAXES
| Parcel Number | 17850-0002-00000-00 | Improvements Assessment | $181,605 |
| Land Assessment | $84,654 | Total Assessment | $266,259 |
PROPERTY TAXES
